Durham Region Real Estate News from Chris Elder May 2019   
  Real Estate News

Chris Elder
Sales Representative

30 Eglinton ave. w. Suite C12
Mississauga, Ontario

Spring is usually a very busy time for home sales! This month's article discusses how you can use spring's natural beauty to enhance your home's resale potential.

There are also some tips that'll help you determine whether or not someone's telling you the truth as well as a few social media spring cleaning strategies to help you keep your digital world in check.

Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general. It'd be great to hear from you!


In this issue...
The Durham Region Real Estate Market Update 
Home sales up compared to same time last year.

Durham Region Association of REALTORS® (DRAR) President Tina Sorichetti reported a significant increase of residential transactions year-over-year.

Home sales in Durham Region reached 1,075 in April 2019 representing a 16 per cent increase compared to 930 in April 2018. On a month-over-month basis residential transactions were up 28 per cent.

The number of new listings in Durham Region was up slightly in April 2019 with 1,993 listings compared to 1,908 the same time last year. There was a substantial 23 per cent increase of new listings month-over-month in April 2019. The average days on market in Durham was 20 with a balanced 53.9 per cent Sales to New Listings Ratio (SNLR).

“Strong year-over-year home sale growth indicates we are experiencing a balanced market. More buyers are recognizing how affordable Durham is compared to other markets and how great the quality of life is in our region,” said Sorichetti.

Durham Region’s average sale price reached $612,195 in April 2019. According to the index and benchmark price in April 2019, Durham has the most affordable single-family detached homes compared to neighbouring markets. Durham has a diverse housing market with a variety of options and communities for buyers. The benchmark price of a single-family detached home in Oshawa was $497,200 in April 2019.

“Durham Region is an affordable market for buyers, but it is important to note many potential buyers are forced to reassess their housing options as the OSFI-mandated stress test has impacted their ability to qualify for the home type they need. We were pleased with the recent announcement from the provincial government addressing the housing supply issue and affordability in Ontario,” stated Sorichetti.

The Housing Supply Action Plan (HSAP) includes several of the recommendations from the Ontario Real Estate Association (OREA) such as reducing development charges, promoting co-ownership, support for secondary suites and saying no to an additional Municipal Land Transfer Tax (MLTT). Home ownership should be an attainable dream for potential buyers, we are encouraged to see plans in place to make homeownership a reality.”

A Few Tips that Spring to Mind 
If you're thinking of selling your home, springtime's the perfect time!

Home sales usually surge come springtime as the fresh, sunny weather encourages people to fix up their homes and check out what else is on the market. Here are a few ways to take advantage of spring fever:

  1. Flower Power - Place a few vases of fresh cut flowers throughout your home.

  2. Clutter Control - Decide what needs to be tossed out and what can be donated.

  3. Spring Fling - Once you've decluttered, freshen up your home with a thorough spring clean.

  4. Wide Open - Clean and then open your windows so the sun shines in and fresh spring air flows throughout your home.

  5. Refresh Your Nest - Inject vitality into your space by swapping out couch cushions, throws and towels with shades and fabrics that reflect the spring season.

  6. Outdoor Living - Families are entertaining more at home than ever before so extend your inside space outdoors with comfortable seating and ambient lighting.

  7. Curb Appeal - The spring naturally highlights your yard's best features so prune trees, trim shrubs, rake the grass and add flower pots around the front door.

If you plan on putting your home on the market, use the spring season to highlight its best features so it stands out from the competition. You only have one chance to make a great first impression, so clear out the cobwebs and make your home spring fresh!

The Language of Lying 
Here are a few tell-tale signs to help you recognize tall tales!

One of the most effective ways to determine whether or not someone's lying is to examine their body language and speech patterns. Here are a few tips that'll help turn you into a human lie detector:

  1. Um, Err - Liars often mispronounce words, stutter or sniff due to nervous tension.

  2. Tick Tock - Deceptive answers usually take longer to formulate than truthful ones.

  3. Cover Up - Covering the mouth and rubbing the nose and eyes can indicate untruthfulness.

  4. Pivoting - Liars welcome a change in conversation resulting in their body language becoming more relaxed.

  5. Fade Away - Their body will start to scrunch up as if they're trying to fade away and any movement will be stiff and limited.

  6. Pick Pocket - Showing palms is a sign of honesty so people who are fibbing will often put their hands in their pockets and fidget.

  7. Look at Me - Liars usually avoid eye contact while seasoned pros will overcompensate and maintain deliberate eye contact.

Detecting deceit isn't always easy as some people are better liars than others. Asking questions can help determine whether or not someone's lying as it's difficult to fabricate specific details on the spot. A single tell may mean nothing but when combined together, chances are they're hiding something.

Social Media Spring Cleaning 
It's not just your closets that could do with a good spring clean!

Whether you're on Facebook, Twitter or Instagram, it's good to get in the habit of performing regular maintenance on your accounts. The following tips will help you clean out the digital cobwebs:

  1. Safe & Secure - Change your passwords and beef up security settings.

  2. Perfect Privacy - Review your privacy settings and adjust if necessary.

  3. Hack Attack - Back up your Facebook page in case your account gets hacked.

  4. Clear the Clutter - Unfollow or unfriend those you no longer keep in touch with.

  5. Lock Down - Update the recovery details that are associated with each account.

While you're in clean-up mode, go through your phone and delete any apps you no longer use. Most apps require access to your personal details so the fewer you have, the more privacy you'll gain.

PS Are you sick of scouring the paper and MLS sites looking for homes?  Tired of playing telephone tag with agents only to hear the home's already sold?  Sit back, relax and let me do the work for you!  Just visit my website and check off the features you're looking for.  Whenever a home matching your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing your dream home.

Not meant to solicit clients already under contract.